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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES      
Net income $ 1,062 $ 1,643 $ 2,228
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 258 212 171
Amortization of cable distribution investments 24 38 53
Impairment and restructuring charges, net of termination payments 133 26 16
Equity-based compensation 137 36 0
Other, net 248 19 39
Deferred income taxes 283 386 (603)
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets 345 (166) (166)
Inventories net of program rights payable 181 197 (228)
Accounts payable and other liabilities (306) 133 (193)
Net cash provided by operating activities 2,365 2,524 1,317
INVESTING ACTIVITIES      
Property, plant and equipment (359) (235) (215)
Proceeds from the relinquishment of spectrum 0 0 354
Acquisitions, net of cash acquired (1,061) 0 0
Sale of investments 349 0 0
Purchase of investments (103) (338) 0
Other investing activities, net 74 (64) (11)
Net cash (used in) provided by investing activities (1,100) (637) 128
FINANCING ACTIVITIES      
Borrowings 1,191 6,750 0
Net transfers (to) from Twenty-First Century Fox, Inc. 0 (1,233) 1,113
Net dividend paid to Twenty-First Century Fox, Inc. 0 (6,500) 0
Repurchase of shares (600) 0 0
Dividends paid and distributions (335) (188) (41)
Other financing activities, net (110) 18 (36)
Net cash provided by (used in) financing activities 146 (1,153) 1,036
Net increase in cash and cash equivalents 1,411 734 2,481
Cash and cash equivalents, beginning of year 3,234 2,500 19
Cash and cash equivalents, end of year $ 4,645 $ 3,234 $ 2,500